News

In terms of the Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843), which as from 10th January 2020 is in force in all the EU, member states are required to maintain inter-connected, publicly available national Ultimate Beneficial Owner (“UBO”) registries.

Malta Business Registry has begun the extensive process of cleaning up the registry from inactive companies, and so far has removed 10,000 inactive companies.

GREAT NEWS: The Malta Individual Investor Program Agency will continue to accept applications under current MIIP regulations until 30 September 2020. It is therefore important for prospective investors to apply by 31 July 2020.

If your bank account application got stuck at the primary stage, or the bank did not accept you as a client, there is a 90% chance that your application was of a poor quality. Our 1st Step team will prepare an application that would take into consideration your type of business, geography, and more importantly the expectations of the chosen bank in 1 working day.

Question that we hear quite often from clients - what is economic substance and do I need to be concerned having an offshore company?

Several Estonian embassies have joined a pilot project to allow distant authentication making it possible to perform notarial acts from abroad without traveling to Estonia.

Some good news. We are happy to announce that we have improved our accounting program upgrading it to the next level.

Let us confirm that we are onboard and keep providing our valuable Clients with corporate services in usual mode.

The Cook Islands has created, developed and sustained an offshore industry by being innovative and adaptable, and focusing on an aspect of trust and wealth management planning neglected by many.